Cryptocurrency and traditional fiat money will coexist. If cryptocurrency hadn't been developed, traditional money might have been inflated today, and global trade would have been in danger of instability. Cryptocurrency can hold the unlimited value of traditional fiat money. Stablecoins were launched to facilitate the exchange of traditional fiat money for cryptocurrency stablecoins. This mechanism is what has enabled cryptocurrency to survive to this day. Stablecoin products were not previously part of cryptocurrency development. However, to gain government trust, stablecoins were developed to act as intermediaries between cryptocurrency and traditional fiat money. However, there are drawbacks. Service fees for stablecoins are relatively high and can trigger inflation! They won't last long. And I've never supported a stablecoin project! XEC is a BTC fork and one of the ecosystems with low costs and speed. However, I didn't expect the XEC ecosystem to also develop a stablecoin company like FIRma. It's okay for the current situation. To gain trust, XEC needs strong fundamentals for global adoption. Thanks to Firma Corporation, I am now even more ambitious in what I am building
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Stablecoins pegged to what? Gold